The Economy is Soaring! Nah…not so much.

“In what could be welcome news for the Federal Reserve, the New York Fed’s April survey of consumers released on Monday found expectations for inflation one year ahead rose to 2.6 percent, from 2.5 percent.”

Well, if the NY Fed has been to the grocery store lately, or tried to buy anything, they would honestly report the inflation rate in this nation is near 17 ½%. But, by lying to the American public they assume that, as lemmings falling into the sea, we will believe anything that has a government ring to it. The “Fed” is not a government agency. It is, with the government’s blessing, a privately held company and for a reason none of us can fathom, it is not subject to audit as other financial concerns are.Therefore anything they say is suspect. What the Federal Reserve does is control the flow of money, and that is what primarily drives the stock market. Since most of us are too poor to “play” the stock market, we don’t pay attention to what the Fed reports, but we should because as the stock market goes up (and hits the record highs it has lately) it directly affects the cost of everything we buy.

Only a fool who has been living on another planet would say that the inflation rate was only 2.5%. So while the Federal Reserve takes money out of one pocket and puts it into another to artificially keep the market high so the rich get richer, it adversely affects the cost of buying necessities for the rest of us.

If the government did one thing that would be good for Americans, it would demand an audit of the Federal Reserve. But, since the Fed has one of the largest and most effective lobbying cadres in the country, and since congress people love donations that will never happen.

And so we are fed the nonsense that the inflation rate is 2.5%. If that were true, why does a bunch of bananas cost twice what they cost just ten years ago?

 

About johnbeckmanbooks

John Beckman, a retired meteorologist, was known as “Johnny the Weatherman” in a career that spanned forty years. He forecasted the weather on WSJS-TV in Winston-Salem, NC, at WFGA-TV in Jacksonville, FL, and for thirty-three years in Atlanta at WSB-TV and WXIA-TV. Also a well published author Beckman now devotes full time to writing fiction. He currently has several eBooks on Amazon.com, "Tropical Knights," first in a series of adventure/mysteries about a sailor and his lovely CIA cohort on a mission to save America. Now available the sequel, and second in the series: "Tropical Daze." The third Jack & Amy adventure is "Tropical Rage" which became available on 30 April 2014. All of his books are highlighted on http://johnbeckmanbooks.com and available from Amazon.com. . .
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